Ocwen Financial Corporation (OCN)

[Lone Wolf]

Run Forrest! Run!!

$OCN

[Lone Wolf]

Back in line! Here we go!

$OCN

[Lone Wolf]

Nice news here today. Wonder where this opens once trading has resumed?

[Lone Wolf]

Looks like we're already halted here. Geesh!

[T695]

Yes that's a nice bounce, I got that one wrong.... For now

[Lone Wolf]

Not looking that way.

[Lone Wolf]

Holy interest this morning!! Been sayin it! $OCN

[Lone Wolf]

SQUEEZE!!!

$OCN

[Lone Wolf]

Yup. Runner!!

$OCN

[Lone Wolf]

Anyone see the 800k share buy at the close? Guess someone's planning on making a ton here!!

[Lone Wolf]

Confirmed double-bottom and 10% sustained bounce off the LOD. Looks ready.

$OCN

[T695]

$1.75 coming, if not today then soon

[ClearlyStocks]

OCN $2.70s good for long

[Askin]

Lol

[wz9ytp]

Go Habs Go!!!

[Askin]

Go Leafs Go

[T695]

Hoping for a drop to $1.75

[ClayTrader]

* * $OCN Video Chart 04-20-17 * *

Link to Video - click here to watch the technical chart video

[willlbone]

Going back to $3.50 to $4.25 quickly.

[Pennybulls69]

Tomorrow $4+++++

[parrot head]

still not trusting it until tomorrow, very serious lawsuits

[Tdash]

back near 3 lol some ppl made good money here

[jr525]

Wow what happen... I should buy here... but will it recover

[willlbone]

Wait. AT 2:30pm OCN says they will fight.
Bought some under $2.40 and ride it until the bell.

[willlbone]

Double bottom around $1.50

[willlbone]

Halt at $2.50 (53% down)

[realfast95]

going to zero
turn out the lights

https://twitter.com/QTRResearch/status/855110865221234690


Ocwen Plunges After N.C. Bank Commissioner Issues Cease And Desist Letter
http://www.zerohedge.com/news/2017-04-20/ocwen-plunges-after-nc-bank-commissioner-issues-cease-and-desist-letter

[willlbone]

Thinking 50% drop.

[RonA r]

Doubled down with some Jan 17 2019 long calls. Two years to break even at $8 per share. Ha!

Good luck!

[RonA r]

Nice run today. Maybe helped by this news?

Ocwen Successfully Extends Corporate Debt Maturities to December 2020 and December 2022
Mon December 5, 2016 9:55 PM|GlobeNewswire|About: OCN
WEST PALM BEACH, Fla., Dec. 05, 2016 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (OCN), (NYSE:OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today announced the completion of the settlement of the previously announced Exchange Offer by its subsidiary Ocwen Loan Servicing, LLC (“OLS”) pursuant to which OLS issued $346.9 million aggregate principal amount of 8.375% Senior Secured Second Lien Notes due 2022 (the “New Second Lien Notes”) in exchange for $346.9 million aggregate principal amount (or 99.1%) of Ocwen’s 6.625% Senior Notes due 2019 (the “Existing Notes”) that had been tendered in the Exchange Offer. The Exchange Offer was purely a debt-for-debt exchange offer and none of OLS, Ocwen or any of their subsidiaries received any cash proceeds from the transaction.

Ocwen also announced that concurrently with the closing of the Exchange Offer, OLS entered into a new Senior Secured Term Loan Facility (the “SSTL”), with an initial interest rate of 6.0%. The SSTL provides for a $335 million term loan credit facility with a maturity date of December 5, 2020, and is refinancing the prior senior secured term loan that had a maturity date of February 15, 2018 and an interest rate of 5.5%. The SSTL refinancing was predominantly a debt-for-debt refinancing and, after allowing for payment of expenses on both transactions and original issue discount on the SSTL refinancing, none of OLS, Ocwen or any of their subsidiaries received net cash proceeds from these transactions.

“We are very pleased to have successfully completed these two important refinancing transactions,” commented Ron Faris, President and CEO.

The SSTL and New Second Lien Notes are jointly and severally guaranteed by Ocwen, Ocwen Mortgage Servicing, Inc., Homeward Residential Holdings, Inc., Homeward Residential, Inc. and Automotive Capital Services, Inc. (collectively, the "Guarantors"). The New Second Lien Notes and the related guarantees will be unsubordinated obligations of OLS and the Guarantors, respectively, and will be secured (subject in each case to certain exceptions and permitted liens) by a second-priority lien on the assets of OLS and the Guarantors that secure the SSTL (the "Collateral"). The lien on the Collateral securing the New Second Lien Notes will be junior to the first priority lien securing the SSTL.

The New Second Lien Notes have not been registered with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities Act"), or any state or foreign securities laws. The New Second Lien Notes may not be offered or sold in the United States or to any U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

In the settlement of the Exchange Offer, OLS delivered the Total Exchange Consideration of $1,000 principal amount of New Second Lien Notes for each $1,000 principal amount of Existing Notes that were validly tendered in the Exchange Offer, including Existing Notes that were tendered after the Early Tender Date of 5:00 pm on November 15, 2016.

[RonA r]

Again....yesterday....twice....4.98....then 4.85.

Why me?!

[Gastrodamas]

Previous 52 week high was 7.63 plus intuitiveness equals a new 52 week higher then 7.63.

[RonA r]

I hope. Is that target technically derived? I don't chart, but I'm interested.

[Gastrodamas]

Easy money to 7 dollar.

[RonA r]

Bought some more at 4.75 last week and more yet at 5.10 today. Help!

[Gastrodamas]

OK what's happening with this stock? Slow and steady upward movement with occasional 20-30 cent pullback to grab a few panicked shares. looks like its shooting for 7 dollars plus which should come right after yelled interest rate hike in December. What was the fine this crooked company received? 2 billion?

[action8101]

http://www.themreport.com/headline/11-10-2016/morningstar-revises-forecast-ocwens-ranking-positive

[trendmkr]

Ocwen Financial Corp Swapping Notes
http://marketexclusive.com/ocwen-financial-corp-nyseocn-swapping-notes/35707/?icd1

[RonA r]

Some OCN news:

WEST PALM BEACH, Fla., Oct. 31, 2016 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (OCN), (NYSE:OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today announced that it is currently in negotiations with certain holders of its 6.625% Senior Notes due 2019 (the “Outstanding Notes”) to exchange the Outstanding Notes at par for new second lien notes (the “New Notes”) to be issued by the Company’s subsidiary Ocwen Loan Servicing LLC (“OLS”) with an interest rate of 8.375% per annum and maturing in November 2022. The New Notes would be guaranteed by the Company and certain of its subsidiaries and would be secured on a second priority basis with the same collateral, subject to certain exceptions, that secures OLS’s senior secured term loan. While negotiations are ongoing, there can be no assurance that a final agreement will be reached.

Ongoing discussions are being held with holders representing approximately $230 million of the Outstanding Notes, all of which have signed non-disclosure agreements with the Company and qualify as either “qualified institutional buyers” under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) or non-U.S. persons who are outside of the United States. If final agreement can be reached with such holders in the near term, it is contemplated that OLS will promptly make an offer to all eligible holders of Outstanding Notes to exchange their Outstanding Notes for New Notes on the same terms. Such an offer would be made only to those holders that are both (x) either (i) “qualified institutional buyers” (“QIBs”) within the meaning of Rule 144A under the Securities Act or (ii) not “U.S. persons” and are outside of the United States within the meaning of Regulation S under the Securities Act, and (y) “accredited investors” within the meaning of Rule 501 under the Securities Act. The information included in this press release is for purposes of complying with “cleansing” requirements under the non-disclosure agreements described above.

The New Notes have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction, and therefore may not be offered or sold in the United States or to, or for the account or benefit of, any United States person except pursuant to an exemption from the registration requirements of the Securities Act and other applicable securities laws.

[RonA r]

Bought more before close @ 4.16 yesterday after seeing it briefly top 4.40. If it dips below 4, I'll add more for sure. Why not?

[Yo-Yo]

You too Ron and I here ya been really wanting 4's for a second time now , 5's seem very possible in the very near future, hope you make a bundle here at OCN, and GLTUA !!!

[RonA r]

Indeed! I'm seeing a 10% short interest / 6 day coverage. Wondering if a squeeze might emerge with this generally bullish outlook. Mostly holding 1.47 - 1.78 range purchases myself, but even som 16.09s from almost two years ago. Would love to break even on those at some point. Good luck!

[Yo-Yo]

4's 4's were knocking on your doors , OCN!!!

[kelly25]

Ocwen upgraded at Compass Point

http://seekingalpha.com/news/3208688-ocwen-upgraded-compass-point

[venturecapp]

What’s Ocwen Financial After In Des Moines? http://marketexclusive.com/whats-ocwen-financial-corp-nyseocn-des-moines/25967/?icd1

[Yo-Yo]

Nice day so far keep it up OCN!!!

[Yo-Yo]

Gonna take a little longer than I thought to hit $4 OCN!!!

[Yo-Yo]

Looking good here OCN, keep pushing need 4 5 6 here

[Yo-Yo]

OCN needs to blow these little 3's outta the water here GLTUA!!!

[action8101]

Was wondering the same.